Kenya investment have the best conditions that give you opportunity to increase your wealth with investment. Then, there is 10 reason to invest in Kenya 2023.
1. The largest economy in East Africa
Kenya is the largest economy in East and Central Africa. This shows resilience and strong growth with a rapidly growing urban middle class and high demand for decent goods and services. Then, according to data from KenInvest that share information of Kenya investment, it would deny that it is the dominant economy in the East African Community, accounting for more than 50% of the region’s GDP.
2. Access Kiss Pass For Kenya Investment
Kenya’s membership in the regional economic bloc, coupled with its strategic geographical position, is a gateway to the large East African Community (EAC) market. Then, This market serves more than 135 million people and the Common Market for East and South Africa (COMESA) over 450 million people. In addition, Kenya investment is a beneficiary of various trade agreements. Then, these include the African Growth and Opportunity Act (AGOA), which allows duty-free and quota-free access to the US market for more than 6,000 items manufactured in Kenya, and the new Pacific Economic Partnership (ACP-EU) of the African Caribbean, and the European Union Agreement (EPA) providing duty-free access to the EU, among others.
Kenya investment has a well-developed physical infrastructure that is constantly being upgraded. Then, It currently has four international airports, an extensive road and rail network, a modern deep sea port at Mombasa capable of handling bulk and other container cargo, an expanded and liberalized energy sector, and a digital telecommunications network. As a result, Kenya continues to develop as a financial, other services and transportation hub for the East and Central Africa region.
4. Kenya investment rating for ease of doing business
According to the 2019 World Bank Ease of Doing Business Report, Kenya investment is ranked 56th out of 190 economies.
5. Enabling the economic policy framework
The Kenyan government has undertaken substantial economic liberalization and reform measures to promote trade and investment. This includes the removal of price, interest rate and exchange rate controls, and the removal of some import permits. The government has also taken steps to maintain macroeconomic security. Such as prudent fiscal and monetary policies, better economic governance, and the privatization of public companies.
6. Kenya investment have a supportive legal environment
The Kenyan constitution protects private property and provides protection against expropriation of such property without compensation. Then, Kenya is a signatory to the Multilateral Investment Guarantee Agency (MIGA), a World Bank institution, and a member of the International Council for the Settlement of Investment Disputes (ICSID). In cases of commercial disputes, Kenya has a Commercial Court under the Kenya Judiciary. So its good for Kenya investment.
7. Private sector and established business traditions
Kenya investment pursues a dynamic mixed economy and its diverse and diverse private sector is made up of many small-scale local businesses, medium-sized businesses and multinational corporations. Then, They provide a variety of manufactured goods, business services, and agricultural products for local consumption and for export. So, Investors will find specialized raw materials, components and professional services available to international standards.